Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

Thanks Central Banks!

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Here some perspective: Central banks injected $300 billion into the world in the past nine days (as of Friday 8/17).

Total avg daily GDP for Canada, EU, USA is roughly $80B per day.

Central banks created $300B.

Total GDP for that nine day period was $720B.

Yep, 40% of the total genuine economic output for that period was wiped out by inflation, e.g. false money created out of thin air.

Somebody is scared.

And no, I don’t think years of Wall Street’s credit addiction and wildly manufactured whiz-bang financial products can be liquidated, resolved, and otherwise corrected in just 20 days.

Also, please note that when it comes down to chosing between a) fighting inflation and b) saving Wall Street, the Central Banks will leave the pensioner dangling every time.

Two solutions for you: Read here. Read here.

Written by heyercapital

August 20, 2007 at 9:38 am

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